A post-elections reality check in the EurozoneLos Angeles TimesThe vote in effect dissolves the partnership between Sarkozy and German Chancellor Angela Merkel in supporting the public spending cuts to control Eurozone debt and keep the common currency strong against the US dollar and Japanese yen.

Anti-austerity ballot backlash rattles euro zoneReutersSamaras, who has three days to try to form a coalition, called for a national unity government to keep Greece in the euro zone but renegotiate the bailout programme. However, European Commission spokesman Amadeu Altafaj said: "Full and timely ...

Anti-austerity ballot backlash rattles euro zoneReutersHowever, his call for a national unity government to keep Greece in the euro zone but renegotiate the bailout programme fell on deaf ears. Rebuffed by a string of anti-bailout parties, Samaras admitted defeat shortly after President Karolos Papoulias ...

Riskier Euro Zone Govt Bonds Fall On Political WoesWall Street JournalBy Neelabh Chaturvedi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Prices of riskiereuro-zone government bonds fell while German government bond futures hit record highs Monday as the Greek membership of the currency area was put in doubt after election ...

New eurozone crisis looms as Spain prepares bail-outTelegraph.co.ukA new eurozone crisis is looming as Spain signalled on Monday it was ready to bail out ailing banks after markets shrugged off the election results in France and Greece. Spain is already struggling to cope with an austerity drive that has pushed the ...Telegraph.co.uk

Anti-austerity ballot backlash rattles euro zoneBaltimore SunATHENS/PARIS (Reuters) - An anti-austerity backlash by voters in Greece and France shook theeuro zone on Monday, causing jitters for the euro currency and stock markets amid deepening doubts about whether Greece has a future in the single currency.

Eurozone Political Instability Weighs on US FuturesFox BusinessBy Adam Samson Stock-index futures pointed to more selling on Wall Street following last week's selloff after weekend elections in France and Greece raised the specter of key eurozonepolitical pacts unraveling. As of 7:55 am ET, Dow Jones Industrial ...

IMF chief: euro zone knows growth is importantReutersZURICH May 7 (Reuters) - The head of the International Monetary Fund said it was clear thateuro zone member states understood the importance of generating growth, adding that she believed the euro zone would remain in a solid state down the road.

Greece could drop euro but tragedy won't followCNNMoneyBy Catherine Tymkiw @CNNMoneyInvest May 7, 2012: 2:49 PM ET The chances of Greece leaving the eurozone are rising, but it won't be disruptive. NEW YORK (CNNMoney) -- The results of the latest elections in Greece may make it more likely that the country ...

A continental shift for euro zone investorsReutersBy John Wasik | CHICAGO (Reuters) - If this weekend's elections in France and Greece do nothing else then they should remind investors that these are individual countries, despite being members of the euro zone. The 17 current countries in the currency ...

CANADA STOCKS-TSX falls on euro zone worriesReutersEuro zone debt fears escalated after incumbent governments in France and Greece lost re-election bids on Sunday. Market watchers were concerned the new governments may not have the stomach for painful austerity measures seen as key to tackle the ...

Riskier Euro Zone Bonds Fall On Political WoesNASDAQLONDON -- Prices of riskier euro-zone government bonds fell while German government bond futures hit record highs Monday as the Greek membership of the currency area was put in doubt after election results showed the two main political parties lacked ...

Slate: Can Hollande save the Eurozone economy?The HourBut whatever you think of Hollande's economic policy ideas, the real question is whether he can inject some much-needed perestroika into Eurozone-wide economic governance. There's ample reason to think that he simply can't. That the Eurozone is simply ...

EURO GOVT-Peripheral euro zone CDS up on Greek worriesReutersLONDON May 7 (Reuters) - The cost of insuring Italian and Spanish bonds against default rose on Monday after a poor election result of the pro-bailout parties in Greece revived concerns of aeuro zone break-up. Five-year credit default swaps (CDS) on ...

Eurozone elections: Rejecting austerity at the pollsBBC NewsThe Germans will have to show some flexibility but they will not abandon insisting on tough new spending rules for the eurozone. In Greece voters were threatened that a vote against austerity could lead to their having to leave the euro.BBC News

Anti-austerity voters shake eurozoneNational PostATHENS/PARIS – An anti-austerity backlash by voters in Greece and France shook the eurozone on Monday, sending the euro currency and shares sliding on deepening doubts about the ability of Athens to survive in the single currency area.National Post

Eurozone crisis live: Greek market rocked by electionThe Guardian9.14am: Good morning and welcome to our eurozone live blog, which on this public holiday in the UK promises to provide lots of twists and turns following the elections in France and Greece. The prospects of a fight against austerity measures in Europe ...The Guardian

Where is the deflationary pressure in the eurozone “going ...By Tyler CowenThe difficulty of wording this question is indicative of Scott Sumner's point about the poverty of our language. Here is Scott: The most recent inflation rate in Greece is 1.7%, whereas Spain has 1.9% inflation. I don't know about you,Marginal Revolution

Noahpinion: What is a "financial crisis"? (reply to John Cochrane)By Noah SmithIn contrast to much conventional wisdom, the stylized fact that deep contractions breed strong recoveries is particularly true when there is a financial crisis. In fact, on average, it is cycles without a financial crisis that show the weakest relation ...Noahpinion

France hails new leader amid new eurozone debt concernBy adekunlePARIS (AFP) – France's president-elect Francois Hollande set about the task of building his government and ties with allies on Monday as world markets eyed political developments in theeurozone with concern. The 57-year-old Socialist won ...Vanguard News

Early Warning: One Way the US is like the PIIGSBy Stuart StanifordA good way of thinking about at least some of the PIIGS country troubles is as primarily current account crises - these countries borrowed too much from foreign lenders. Some (Spain) mainly did this through the private sector, while others ...Early Warning

Bad moon rising: Eurozone governments and markets slide deeper ...By The Extinction ProtocolMay 7, 2012 – ATHENS — A day after Greece's two dominant parties collapsed at the polls, the leader of the center-right New Democracy party announced Monday that he had failed to form a governing coalition, pushing the mandate to the ...The Extinction Protocol: 2012 and beyond

The euro crisis: A winner in France, alarm in Greece | The EconomistBy The Economist | BRUSSELS"EUROPE is watching us," declared François Hollande (video here, in French) after being confirmed as winner of the French presidential election. “At the moment when the result was proclaimed, I am sure that in many countries of Europe ...Charlemagne's notebook